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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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  • Monitoring The Silver Premium 2 comments
    Jan 25, 2013 12:31 PM

    I have been monitoring the Engelhard bullion price to spot silver, but I don't see any significant movement here.

    So I'm going to stop monitoring this.

    (click to enlarge)
    Chart 1: Silver Premium Engelhard bullion to spot silver

    On the other hand, I'll now monitor a real dealer of silver, namely: First Majestic Silver Corp.

    Their selling price is displayed every day here. Today it stands at: $33.25/ounce. The spot price of silver is $31.22/ounce. That's a 6.5% premium.

    I think this tells me more about the silver premium than the Engelhard bullion price.

    Disclosure: I am long AGQ.

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  • The_Hammer
    , contributor
    Comments (4805) | Send Message
     
    maybe the bigger premium in silver 1 oz eagles now at 3.99 is more important. can u research chinese purchase of foreign silver and domestic mine production?
    25 Jan 2013, 01:07 PM Reply Like
  • Katchum
    , contributor
    Comments (564) | Send Message
     
    Author’s reply » I have no idea where to find Chinese info, but I'll try. I'm also monitoring the 100+ quantity coins on APMEX, I'll add the 1-19 quantity coins on APMEX too.
    25 Jan 2013, 01:17 PM Reply Like
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